WEBVTT - Single Best Idea with Tom Keene: Tobin Marcus & Michael McKee

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio news single best idea quick

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<v Speaker 1>four or five minute podcast to touch up against your

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<v Speaker 1>other podcast. Of course, lookout on YouTube podcasts. For all

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<v Speaker 1>that we're doing and building here today, I could have

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<v Speaker 1>gone with seven eight angles here. The news flow is

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<v Speaker 1>extraordinary and eclectic across economics, finance, investment, and international relations.

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<v Speaker 1>Let's stick on international relations. Tobin Marcus with work in

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<v Speaker 1>the Obama Biden administration and economics. He's at Wolf Research.

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<v Speaker 1>Tobin Marcus. He talked about the present administration and I

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<v Speaker 1>asked him about how he perceived the previous effort.

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<v Speaker 2>The latter stages of the Biden administration were somewhat listless.

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<v Speaker 2>You know, they came in with a lot of ideas,

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<v Speaker 2>were you know, faced a challenging global landscape. Certainly you

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<v Speaker 2>look at places like Ukraine. I don't think that we

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<v Speaker 2>saw a lot of progress over the course of the

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<v Speaker 2>past couple of years. Sort of theory of the case,

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<v Speaker 2>after the big counter offensive that they tried to prepare

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<v Speaker 2>the Ukrainians for which didn't really succeed. I think mostly

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<v Speaker 2>we were kind of holding ground for the past few years.

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<v Speaker 1>Toovin Marcus at Wolf researched the many voices. Henrietta Trees

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<v Speaker 1>was just brilliant on Capitol Hill today. Mark Champion out

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<v Speaker 1>of our London office. We'll have to feature him at

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<v Speaker 1>some point. I'll try to get his recent essays out

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<v Speaker 1>with Bloomberg Opinion, very informative and thought provoking of all

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<v Speaker 1>this international relations. There is a heritage here at Bloomberg,

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<v Speaker 1>and no one carries that heritage like Michael McKee. You

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<v Speaker 1>know him from his work on economics, of course leading

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<v Speaker 1>to charge at the FED press conference. Kid him. He

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<v Speaker 1>was the only one at Reyevic who couldn't have vodka

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<v Speaker 1>because he was so young. Michael McKee was at Rayevic

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<v Speaker 1>with Gorbaschev and Reagan and was in Lascow for the

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<v Speaker 1>upset of Yeltsin. Michael McKee on Russia.

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<v Speaker 3>You could get very philosophical and go back into the

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<v Speaker 3>history of Russia and how it has generally been run

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<v Speaker 3>by strong men, and how the Russian people are sort

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<v Speaker 3>of used to that and are willing to do that.

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<v Speaker 3>It's a little bit like what happened when China opened

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<v Speaker 3>up and the Chinese Communist Party said, we will give

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<v Speaker 3>you the possibility of prosperity as long as you stay

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<v Speaker 3>out of politics, and that's kind of where the Russians

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<v Speaker 3>are at the moment. But the problem is the war

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<v Speaker 3>is creating all kinds of economic issues. So Putin has

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<v Speaker 3>a reason to want to settle. The question is is

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<v Speaker 3>where do they go from there? And I think, as

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<v Speaker 3>Linskin points out, you can't trust Putin.

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<v Speaker 1>The valued perspective of Michael McKee. It's a four day

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<v Speaker 1>work week, feels like we're already deep into twenty twenty five.

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<v Speaker 1>What we know is we are humbled by the growth

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<v Speaker 1>of what we're doing here in digital media. Thank you

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<v Speaker 1>to all of you are on your commutes across the

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<v Speaker 1>nation and out on YouTube. Please subscribe to Bloomberg podcasts

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<v Speaker 1>and always on YouTube podcasts. This is single best idea.